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So my wife is in Japan again until the 25th...

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LOL. A brag thread about cheating on your wife, seriously? I thought that was sad enough then you started arguing about the price of take out pizza. That's just sad.
 
monkey333 said:
my point is, the 401k and savings should not be used to pay down debt.
Click to expand...

Lol...I am not.

The argument was first that with a house and $300k mortgage, $25k in school loans and buying a couple cars I wouldn't be debt-free.

The premise of this is I will be debt-free outside my school loans in July. I don't know of anyone that considers the mortgage in the mix too...it's usually consumer loans and credit.

Then the idiots above got net worth confused with the value of a home. I am not worth a million bucks yet, but I am still dinging positive value which is pretty good.

My 401K and savings will not be used for the car payments nor have been a method of me paying down the shitload of debt I had from a second run at college over the past two years.

Things may change this year, but according to my tax man/financial advisor...paying off my school loans at 3.6% is not the smart move. I do plan on paying them off sooner than the $125/payment I have on them. As of now though that extra money is yielding higher in the investments I am sticking it.

It's amazing though how seethingly jealous people get over such petty things.

They still don't understand how I am not cheating...it like boggles their little brains.
 
alkemyst said:
Lol...I am not.

The argument was first that with a house and $300k mortgage, $25k in school loans and buying a couple cars I wouldn't be debt-free.

The premise of this is I will be debt-free outside my school loans in July. I don't know of anyone that considers the mortgage in the mix too...it's usually consumer loans and credit.

Then the idiots above got net worth confused with the value of a home. I am not worth a million bucks yet, but I am still dinging positive value which is pretty good.

My 401K and savings will not be used for the car payments nor have been a method of me paying down the shitload of debt I had from a second run at college over the past two years.

Things may change this year, but according to my tax man/financial advisor...paying off my school loans at 3.6% is not the smart move. I do plan on paying them off sooner than the $125/payment I have on them. As of now though that extra money is yielding higher in the investments I am sticking it.

It's amazing though how seethingly jealous people get over such petty things.

They still don't understand how I am not cheating...it like boggles their little brains.
Click to expand...

Aren't you underwater on your mortgage? You keep on saying that your neighborhood went to shit and that you can't move because you can't make back your loan by selling it.
 
preslove said:
Aren't you underwater on your mortgage? You keep on saying that your neighborhood went to shit and that you can't move because you can't make back your loan by selling it.
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umm right. My home is a total loss.

I can move. I am trying to work out the problem with the bank. Seriously, if you don't understand how leaving a home with your name, your neighbors, etc attached to it has some moralistic base to it then you are clueless. However, that said my direct neighbor that has been here since before I was born and owns his home free and clear just went back on his word to the whole block and rented out to some low income pool cleaning family.

They love his backyard...every Friday, Saturday and a night or two during the week is the BOOM BOOM ROOM. Big DJ speakers out back. Police don't want to get involved, neither does zoning.

In the end they get their taxes.

In my direct situation, it's a complicated situation. The previous owner hid some damage, the inspector missed a lot of blatant things, etc etc etc. I have been robbed to the tune of a $20k hard loss on a $30k claim. Houses here keep getting vandalized. I keep finding hurt animals. Most cars that park near the road end up getting hit.

Walking through on a normal day, it looks nice and beautiful.

In the end, we live in a capitalistic nation. We have bankruptcy and foreclosure laws.

Also in my situation, my mortgage company put me into some HAMP program they wanted to profit on. I have never missed a payment yet they have been reporting me 2 years now past due, fucked my credit to the tune of going from something like $70-80 in interest a month to over my normal payments.

Fortunately I was able to springboard my career and my wife was not part of me buying the house nor even a citizen...that protects her a lot and makes her a great ally.

I have retained an attorney (this means I am paying them, not like I answered some Jerry Springer commercial), I have a stack of correspondance 2" think now, I have recorded conversation (yes, they agreed to it) of them both saying I was current and it's just a big misunderstanding to them full on lying to a Federal attorney.

Going to court will be expensive and not needed with this.
 
alkemyst said:
umm right. My home is a total loss.

I can move. I am trying to work out the problem with the bank. Seriously, if you don't understand how leaving a home with your name, your neighbors, etc attached to it has some moralistic base to it then you are clueless. However, that said my direct neighbor that has been here since before I was born and owns his home free and clear just went back on his word to the whole block and rented out to some low income pool cleaning family.

They love his backyard...every Friday, Saturday and a night or two during the week is the BOOM BOOM ROOM. Big DJ speakers out back. Police don't want to get involved, neither does zoning.

In the end they get their taxes.

In my direct situation, it's a complicated situation. The previous owner hid some damage, the inspector missed a lot of blatant things, etc etc etc. I have been robbed to the tune of a $20k hard loss on a $30k claim. Houses here keep getting vandalized. I keep finding hurt animals. Most cars that park near the road end up getting hit.

Walking through on a normal day, it looks nice and beautiful.

In the end, we live in a capitalistic nation. We have bankruptcy and foreclosure laws.

Also in my situation, my mortgage company put me into some HAMP program they wanted to profit on. I have never missed a payment yet they have been reporting me 2 years now past due, fucked my credit to the tune of going from something like $70-80 in interest a month to over my normal payments.

Fortunately I was able to springboard my career and my wife was not part of me buying the house nor even a citizen...that protects her a lot and makes her a great ally.

I have retained an attorney (this means I am paying them, not like I answered some Jerry Springer commercial), I have a stack of correspondance 2" think now, I have recorded conversation (yes, they agreed to it) of them both saying I was current and it's just a big misunderstanding to them full on lying to a Federal attorney.

Going to court will be expensive and not needed with this.
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lulz
 
wow gave you the honest answer. Figures you have triforce and Jesus being made fun of as a sig and a masturbating avatar

carry on.
 
dpodblood said:
LOL. A brag thread about cheating on your wife, seriously? I thought that was sad enough then you started arguing about the price of take out pizza. That's just sad.
Click to expand...

He always says how much better he is than everyone here. In reality like I've said before, he's a sad person which is why he has to tell everyone they're poor to make himself feel better because he has an f'd up life.
 
alkemyst said:
Lol...I am not.

The argument was first that with a house and $300k mortgage, $25k in school loans and buying a couple cars I wouldn't be debt-free.

The premise of this is I will be debt-free outside my school loans in July. I don't know of anyone that considers the mortgage in the mix too...it's usually consumer loans and credit.

Then the idiots above got net worth confused with the value of a home. I am not worth a million bucks yet, but I am still dinging positive value which is pretty good.

My 401K and savings will not be used for the car payments nor have been a method of me paying down the shitload of debt I had from a second run at college over the past two years.

Things may change this year, but according to my tax man/financial advisor...paying off my school loans at 3.6% is not the smart move. I do plan on paying them off sooner than the $125/payment I have on them. As of now though that extra money is yielding higher in the investments I am sticking it.

It's amazing though how seethingly jealous people get over such petty things.

They still don't understand how I am not cheating...it like boggles their little brains.
Click to expand...

You owe 325k to the bank(s) plus whatever you owe in car loans. If you sell the house and car, you can't make the debt go away because they are not worth that much.

Shit I am no accountant but I can put numbers in two columns, pile of money I got, pile of debt I got.
Your house should figure into your networth. Market value - amount owed= worth of your home. And right now, it's in the negative territory.


You are in serious debt.

<===No mortgage. No Car Loan. CC bills get paid off in full every month.

And no, I am no baller.
 
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sdifox said:
You owe 325k to the bank(s) plus whatever you owe in car loans. If you sell the house and car, you can't make the debt go away because they are not worth that much.

Shit I am no accountant but I can put numbers in two columns, pile of money I got, pile of debt I got.
Your house should figure into your networth. Market value - amount owed= worth of your home. And right now, it's in the negative territory.


You are in serious debt.

<===No mortgage. No Car Loan. CC bills get paid off in full every month.

And no, I am no baller.
Click to expand...

Live with mom and dad?

I don't have car loans yet. I plan on getting two new cars.

The way net worth works has nothing to do with the value of your home directly. I seriously don't understand how people are getting this so wrong.

Just because my house is worth less than I owe and that I have a little bit of credit debt still, doesn't mean my net worth is negative.

You will be sad to know that MOST american's have a negative net worth anyway and they are still doing the right thing.

My net worth though even with my fucked up house has gone into the positive range though. It's not that great yet, but it's on it's way up.
 
alkemyst said:
Live with mom and dad?

I don't have car loans yet. I plan on getting two new cars.

The way net worth works has nothing to do with the value of your home directly. I seriously don't understand how people are getting this so wrong.

Just because my house is worth less than I owe and that I have a little bit of credit debt still, doesn't mean my net worth is negative.

You will be sad to know that MOST american's have a negative net worth anyway and they are still doing the right thing.

My net worth though even with my fucked up house has gone into the positive range though. It's not that great yet, but it's on it's way up.
Click to expand...

Nope. own my own house. My parents are not even living in Canada now.

Your problem is the same as the rest of the western world. You believe you are fine. Every one is over-leveraged. US national debt has reached 50,000 per capita. That is just the public debt, tag the private debt on top and you tell me you are fine. If this doesn't get taken care of right away, USA will turn into Greece.

You know what net-worth means? On the spot full liquidity. How much are you worth if you liquidate everything and pay off every debt?


I am probably somewhere in the 750k range if I go full liquid, but I don't consider myself secure yet.
 
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zerocool84 said:
He always says how much better he is than everyone here. In reality like I've said before, he's a sad person which is why he has to tell everyone they're poor to make himself feel better because he has an f'd up life.
Click to expand...

You would think he would spend some of his hard earned cash on some counseling.
 
"my mortgage company put me into some HAMP program they wanted to profit on"


there's the answer, it's the BANKS fault..
 
alkemyst said:
I am not figuring any assets in my home being upside down.

You guys are clueless though, debt in and of itself is not so much an issue.
Click to expand...

No, but debt that exceeds the value of your assets is.

The only difference between being upside down on your house and consumer debt is the interest rate, and the fact that the house MAY pick up in value again in excess of the interest rate.
 
The truth really come out in this thread. Alkemyst is one of the biggest loser in real life. "I'm baller but I have over 300k in debt but I'm still baller!" lololol
 
sdifox said:
Nope. own my own house. My parents are not even living in Canada now.

Your problem is the same as the rest of the western world. You believe you are fine. Every one is over-leveraged. US national debt has reached 50,000 per capita. That is just the public debt, tag the private debt on top and you tell me you are fine. If this doesn't get taken care of right away, USA will turn into Greece.

You know what net-worth means? On the spot full liquidity. How much are you worth if you liquidate everything and pay off every debt?


I am probably somewhere in the 750k range if I go full liquid, but I don't consider myself secure yet.
Click to expand...

Like I said I am not to a million yet, I am in the black though and that is better than most.

The usa's money management I have no control over.
 
Jeffg010 said:
The truth really come out in this thread. Alkemyst is one of the biggest loser in real life. "I'm baller but I have over 300k in debt but I'm still baller!" lololol
Click to expand...

You must live with mom and dad! (His standard response when someone calls him on his bullshit)
 
It's your mortgage, read before your sign. If it's suspect don't sign. The bank is held to the letter of the contract and if they violated it, then they are liable. Anything else is your fault.
 
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